Egypt Stocks remain Bearish, lose EGP1.3bn on Tuesday

Egypt’s stocks incurred losses Tuesday totalling 1.3 billion Egyptian pounds (US$170.3 million) driven by local and Arab investors’ selloffs. Accordingly, the country’s main stock index, EGX30 further plummeted below 8580 points.

The market capitalization has hit 500.983 billion pounds during the closing session of Tuesday.

Indices:

Egypt’s benchmark index, EGX30 edged down by 0.24 percent to close at 8575.27 points. EGX20 dropped by 0.35 percent to 9171.58 points.

In addition, the mid- and small-cap index EGX70 fell by 0.52 percent to 485.5 points. The price index, EGX100 decreased by 0.62 percent to 986.48 points.

Turnovers
On Tuesday, the bourse’s trading volume has recorded 105.680 million securities, with turnovers closed at EGP 425.340 million, exchanged through 15.234 thousand transactions.

Also during the closing session, 171 listed securities have been traded in; 74 declined, 60 advanced; while 34 kept their previous levels.

Investors’ Activities

Local and Arab investors were net sellers on Tuesday seizing 67.38% and 8.29% respectively of the total markets, with a net equity of EGP 24.420 million and EGP 45.177 million, respectively, excluding the deals.

On the other hand, the non-Arab foreign investors were net buyers capturing 24.33% of the total market, with a net equity of EGP 69.598 million, excluding the deals.